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704 SW Higgins Ave 23,760 SF Retail Building Missoula, MT 59803 $3,695,000 ($155.51/SF) 7.80% Cap Rate
Executive Summary
Building & Land For Sale - Business is not included in sale. 7.8% Cap Rate with current lease. Tenant may relocate if a buyer has another
use for this property. Located in vibrant Midtown Missoula, this 24,000 square foot steel building represents a rare opportunity to acquire
a well-established commercial asset in a highly sought-after corridor. The property is occupied by a grocery store under a triple net
lease, offering consistent income backed by a longstanding neighborhood business. The building features 1.69 acres with substantial on-site parking,
brand new roof, a west-facing pit loading dock, and full alley access for convenient service and deliveries. Having operated successfully
as a grocery store for decades, the site enjoys deep community roots and steady foot traffic.
use for this property. Located in vibrant Midtown Missoula, this 24,000 square foot steel building represents a rare opportunity to acquire
a well-established commercial asset in a highly sought-after corridor. The property is occupied by a grocery store under a triple net
lease, offering consistent income backed by a longstanding neighborhood business. The building features 1.69 acres with substantial on-site parking,
brand new roof, a west-facing pit loading dock, and full alley access for convenient service and deliveries. Having operated successfully
as a grocery store for decades, the site enjoys deep community roots and steady foot traffic.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Supermarket
Building Size
23,760 SF
Year Built
1973
Price
$3,695,000
Price Per SF
$155.51
Cap Rate
7.80%
NOI
$288,210
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.32
Lot Size
1.69 AC
Zoning
C1-4 - Commercial Zoning allowing up to 125' in height. Residential, etc. See docs.
Parking
60 Spaces (2.53 Spaces per 1,000 SF Leased)
Frontage
242’ on 39th
Amenities
- Signage
- Kiosk/Cart Space
- Wheelchair Accessible
- Storage Space
Nearby Major Retailers
Property Taxes
| Parcel Number | 04-2200-33-3-09-06-0000 | Improvements Assessment | $1,553,659 |
| Land Assessment | $973,441 | Total Assessment | $2,527,100 |
Property Taxes
Parcel Number
04-2200-33-3-09-06-0000
Land Assessment
$973,441
Improvements Assessment
$1,553,659
Total Assessment
$2,527,100
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704 SW Higgins Ave
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